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The problem with Pub Treasurers is that they are in cahoots with the Pub Legislture in trying to clamp down and clamp down on Benefits
Hard Pass
I have a friend that worked on Folwells "exec committee".. She says its scary what the Pub vision is for Benefits
The nature of the 100 billion dollar retirement fund-and other funds-is that you can not let Warren Buffett mastermind the investments. You invest the great majority in fixed returns. Period. Can't take risks. But every year the legislature has to decide how much to "chip in" above and beyond the Employee 6% amount. And the Tresaurer messages some combination of
Legislature give a little more
or
Gosh lets clamp down on Benefits
Hard Pass
I have a friend that worked on Folwells "exec committee".. She says its scary what the Pub vision is for Benefits
The nature of the 100 billion dollar retirement fund-and other funds-is that you can not let Warren Buffett mastermind the investments. You invest the great majority in fixed returns. Period. Can't take risks. But every year the legislature has to decide how much to "chip in" above and beyond the Employee 6% amount. And the Tresaurer messages some combination of
Legislature give a little more
or
Gosh lets clamp down on Benefits
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